All Forum Posts by: Nate Moross

Hi guys, so if i use my business credit cards with a liquidator to turn credit card into cash and i use that money to invest with, when i go to make payments to pay back my credit cards is that money i use to repay the cards taxable???

I can use a credit card liquidator that charges 3%. So I will get money that is being considered goods and services rate not the cash advance rate. So my question is when I profit from the investment I used to put the money to work do I have to pay taxes on the money I use to pay back the credit cards with???

Thanks Bill!!

Hi guys I have a tax question even though its not real estate related i'm sure someone knows the answers i'm looking for. So if I liquidate money from my business credit cards and open a forex brokerage account and pay for a trading bot, is the money i use to pay back the credit cards and trading bot taxable? And also if i leave profits in the broker account are they taxable or only if i withdraw funds? thanks, nate

Hi guys I have a tax question even though its not real estate related i'm sure someone knows the answers i'm looking for. So if I liquidate money from my business credit cards and open a forex brokerage account and pay for a trading bot, is the money i use to pay back the credit cards and trading bot taxable? And also if i leave profits in the broker account are they taxable or only if i withdraw funds? thanks, nate

Do I have to pay taxes on refi money?

If I use lines of credit for a down payment on a apartment complex do I have to pay taxes on my cashflow before I pay back the lines of credit or after?

Hello. If I use a line of credit for a down payment on a apartment complex when i buy it and start getting cash flow and i use some of the cash to repay the line of credit what tax issues would i face?? Feedback is appreciated. Thanks, Nate.

Thanks Hassan. Yeah the owner is a LLC with a California PO Box. The Property is in Illinois and I am in Iowa. I'll follow your advice and start with sending a letter. great info thank you, Nate

I have my eye on a 24 unit apartment complex that is not for sale. How should I approach the situation to get the owner interested to sell??? Thanks feedback appreciated. Nate